November 2, 2018 / 1:00 PM / a year ago

U.S. TIPS breakeven rates add gains after Oct jobs data

NEW YORK, Nov 2 (Reuters) - The U.S. bond market’s gauges on investors’ inflation expectations briefly added to their earlier gains on Friday following a stronger-than-expected increase in domestic hiring and solid wage gains in October.

At 8:54 a.m. (1254 GMT), the yield spread between 10-year Treasury Inflation Protected Securities and regular 10-year Treasuries, or the 10-year inflation breakeven rate, was 2.033 percent, up 0.25 basis point from late on Thursday. The 10-year breakeven rate fell to 2.023 percent the day before, which was its lowest level since January, Tradeweb and Refinitiv data showed. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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